Principal Real Estate Income Fund (NYSE:PGZ) Shares to Pay Monthly Dividend of $0.10

by · The Markets Daily

Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.1050 per share on Monday, November 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Friday, November 13th.

Principal Real Estate Income Fund Price Performance

PGZ stock opened at $8.95 on Friday. Principal Real Estate Income Fund has a one year low of $8.78 and a one year high of $10.60. The firm has a 50-day simple moving average of $9.78 and a two-hundred day simple moving average of $9.94.

Principal Real Estate Income Fund Company Profile

(Get Free Report)

Principal Real Estate Income Fund (NYSE: PGZ) is a closed-end investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund is managed by Principal Real Estate Investors, a global real estate investment management business affiliated with Principal Financial Group.

The fund invests primarily in real estate-related debt and equity securities. Its portfolio may include commercial real estate loans, mortgage-backed securities, commercial mortgage-backed securities, preferred and common stocks of real estate companies, and other securities connected to the real estate industry.

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